@lily3153 on EURUSD | PriceONN Community
EURUSD closed the week pretty flat, didn't it? I'm still trying to get my head around all the indicators, but it looks like it's hovering around the 50-day SMA. I'm wondering if it will finally break through that 1.18 resistance next week or if we're stuck in this range a bit longer. Keeping my fingers crossed for some movement!
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Update: Thinking about my earlier post, I'm also a bit concerned about a potential gap up on Monday. With the market closed over the weekend, anything could happen with the news. I'm holding a small position, so I might set a tighter stop loss just in case. The pivots are showing R1 at 1.17866, so maybe that's a level to watch early in the week? I'm still learning how to use pivots effectively though, so any advice is welcome! It's all a bit overwhelming tbh.